ACCOUNTING SYSTEM OF OPERATIONS PROCESSING OF TOLLING RAW MATERIALS

Abstract

Operations with tolling raw materials have their own specifics, which is due to the procedure for getting ownership of the transferred raw materials and finished goods produced from them, as well as the presence of various types of such transactions, ways of selling finished products and methods of payment for the processing of raw materials. This requires a clear organization of accounting for transactions of tolling raw materials` processing at enterprises which perform work concerning such raw materials`processing. An important element of the accounting system is the development of an accounting policy that would provide reliable information on tolling operations in the reporting of the processing enterprise. Organizational and technological activities` features of the enterprises-processors of tolling raw materials affect the construction of an effective accounting system for operations with tolling raw materials. The paper investigates an essence of the concept of "operation with tolling raw materials" as a process that is the processing, enrichment or use of tolling raw materials received from the customer, in order to obtain finished products for an appropriate fee. The study of the essence of civil law relations between the customer and the contractor for the processing of tolling raw materials made it possible to conclude that the contractor (processor) under the contract for the processing of tolling raw materials performs work, and does not provide services. Оn this basis, proposals were made regarding the essential conditions of the subject matter of the contract. In order to reflect in the accounting policy of the enterprise: methods for evaluating tolling raw materials are systematized, depending on the method of calculations between the customer and the contractor, and primary documents for transactions concerning processing tolling raw materials; a standard accounts correspondence of accounting for operations of tolling raw materials` processing from a processor has been developed, which will increase the analyticity of accounting information, based on the specifics of such operations; it is proposed to draw up separate management reports on the calculation of the cost of work on the processing of tolling and own raw materials of the processing enterprise. The above proposals for improving the accounting system of operations with tolling raw materials will ensure timely and reliable reflection of expenses and income from operations related to the tolling raw materials’ processing from the processing enterprise in the accounting and reporting.